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Nintendo surges on Switch 2 demand and preorder mayhem

Nintendo is enjoying a more than 6% bump on Thursday after preorders for its Switch 2 consoles finally kicked off in the US after a weeks-long delay due to tariffs.

Giving the gaming giant a boost: demand appears to be huge. The $450 console (and a $500 bundle) are out of stock on the websites of retailers like Walmart and Target. A notice at the online checkout page of GameStop, which waited until 11 a.m. ET to open preorders for the console, states that it is currently sold out.

Online, dozens of customers are reporting long wait times, broken websites, and canceled orders.

Despite sending virtually all of its Vietnam-built console supply to the US in recent months ahead of tariffs, Nintendo may not have reached the stockpile levels it was seeking. The companys US website states that delivery by the announced June 5 launch date isn’t guaranteed, and orders will be fulfilled as product becomes available.

On Wednesday, Nintendo said it received 2.2 million preorders in Japan, far exceeding its expectations.

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Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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